Juha Salmela, Spinnova's CTO, articulates the significance of the loan, stating, "With this significant financing, we are able to speed up our R&D work, which is done together with our partners, in order to increase the cost competitiveness and attractiveness of the unique Spinnova technology." He underscores that the funding is vital for enhancing Spinnova's technology offerings in the textile manufacturing sector, which can lead to broader market adoption and sustainability.
Salmela also mentioned, "We are grateful that Business Finland continues to support Spinnova in the commercialisation of our fibre technology." This highlights Spinnova's appreciation for the financial support that not only assists their R&D initiatives but also contributes to the global ambition of redefining textile manufacturing through innovative and sustainable practices.
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